Diana Shipping Inc. (NYSE:DSX) Shares Sold by Tidal Investments LLC

Tidal Investments LLC reduced its holdings in Diana Shipping Inc. (NYSE:DSX) by 14.1% during the 3rd quarter, Holdings Channel reports. The firm owned 53,062 shares of the shipping company’s stock after selling 8,676 shares during the quarter. Tidal Investments LLC’s holdings in Diana Shipping were worth $136,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Mercer Global Advisors Inc. ADV purchased a new position in shares of Diana Shipping during the 2nd quarter valued at approximately $38,000. Choreo LLC purchased a new position in Diana Shipping during the second quarter valued at $38,000. Sheaff Brock Investment Advisors LLC acquired a new stake in shares of Diana Shipping in the third quarter valued at about $39,000. XTX Topco Ltd purchased a new stake in shares of Diana Shipping during the third quarter worth about $64,000. Finally, Walleye Capital LLC raised its position in shares of Diana Shipping by 55.1% during the 3rd quarter. Walleye Capital LLC now owns 48,067 shares of the shipping company’s stock worth $124,000 after purchasing an additional 17,067 shares during the last quarter. 48.68% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com upgraded Diana Shipping from a “sell” rating to a “hold” rating in a report on Tuesday, November 26th.

Diana Shipping Trading Down 1.6 %

Shares of DSX stock opened at $1.88 on Thursday. Diana Shipping Inc. has a fifty-two week low of $1.73 and a fifty-two week high of $3.22. The company has a debt-to-equity ratio of 1.27, a quick ratio of 2.04 and a current ratio of 2.10. The stock’s fifty day moving average is $2.07 and its two-hundred day moving average is $2.42. The firm has a market capitalization of $235.29 million, a P/E ratio of 62.69 and a beta of 1.09.

Diana Shipping (NYSE:DSX) last posted its quarterly earnings results on Monday, November 25th. The shipping company reported ($0.01) earnings per share for the quarter, hitting the consensus estimate of ($0.01). Diana Shipping had a net margin of 5.36% and a return on equity of 4.42%. The firm had revenue of $57.50 million for the quarter, compared to the consensus estimate of $55.50 million. During the same period last year, the firm posted $0.06 earnings per share. The company’s revenue for the quarter was down 7.4% on a year-over-year basis.

Diana Shipping Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 11th were given a $0.01 dividend. The ex-dividend date of this dividend was Wednesday, December 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 2.13%. Diana Shipping’s dividend payout ratio (DPR) is presently 133.33%.

Diana Shipping Profile

Diana Shipping Inc provides shipping transportation services. The company transports a range of dry bulk cargoes, including commodities, such as iron ore, coal, grain, and other materials in shipping routes worldwide. As of March 1, 2024, it operated a fleet of 38 dry bulk vessels, including 4 Newcastlemax, 8 Capesize, 5 Post-Panamax, 6 Kamsarmax, 9 Ultramax, and 6 Panamax.